After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Alight Expands Partnership With SAP, Advancing Payroll Systems With Move From On-premise to the Cloud.
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Stocks Info
ALIT belongs to the Technology sector of the NYSE while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $9.11 and fluctuated between $9.13 as its day high and $9.04 as its day low. The current market capitalization of Alight Inc. is $4.99B. A total of 2.26 million shares were traded on the day, compared to an average of 7.14M shares.
In the most recent transaction, Rooney Katie J. sold 9,576 shares of ALIT for 9.06 per share on Feb 06 ’24. After the transaction, the insider now owns 2,989,858 company shares. In a previous transaction on Feb 05 ’24, Rooney Katie J. sold 7,100 shares at 9.00 per share. ALIT shares that the insider owns now total 2,999,434.
Among the insiders who bought shares, Massey Richard N acquired of 50,000 shares on Oct 05 ’23 at a per-share price of $6.45. This resulted in the Director holding 1,370,169 shares of ALIT after the transaction. In another insider transaction, Blackstone Holdings I/II GP L. sold 14,704,603 shares at $7.98 per share on Aug 22 ’23. Company shares held by the 10% Owner now total 43,602.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ALIT has a high of $10.10 and a low of $6.33.
As of this writing, ALIT has an earnings estimate of $0.14 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.12. The company reported an EPS of $0.14 in the last quarter, which was 7.70% higher than expectations of $0.13.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ALIT’s latest balance sheet shows that the firm has $372.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.11B in debt and $2.12B in liabilities at the time. Its Book Value Per Share was $8.73, while its Total Shareholder’s Equity was $4.93B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALIT is Buy with a score of 4.89.
